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<br /> �', ..�, Thc Funds shull be field in un instltvtion whose deposits urc insured by a feaierni ogency, in.truuientality. ��r cntity _
<br /> � (including Lender,if L.ender is tiuch an institution)or in any Fe.�ier�l Home La�un Bank. Lender tihalt upply the Fund.�to puy the �
<br /> E�crow ltems. Lender muy not charge Borrower t'or holding and applying the Funds,unnual ly unalyxing the esrmw uret�unt.ur
<br /> y�a� verifying the��crow Items,unic��Lender pays Borrawer interest on the hunds and upplicable I�w p�:rm�t�[.cnder w aiukc ruch �
<br /> �� u churge. However, L.cndcr muy rcquire Burrower w pay a one-time churge for an indep;,ndent real etitnte tux rcparting service -
<br /> ;;� usal by L.endcr in connectinn with thiti laan. unless applicnblc law providex othcrwise. Unlas un ugrcement is m�cde or _
<br /> ,� appticuble tuw reyufres intcrc.*st to bc paid,l.ender�hall not be reyuirccl to pay Borrawer eny intcrest or curning+o�i the Funds. _
<br /> Barrnwer und l.ender muy u�rcc in writing, howover,that interest sh�ll be puid on the Funds. Lender shull�ive to Bc�rrowcr.
<br /> � withuut chursc. aii unnuat awountIng of thc Funds, showing crcxiils t�nd dehit� to thc Funds and thc purpo�foe whi�h Gich
<br />•���..� debit to the Funda wuti made. Thc Funds are pled�ed as additional sauriry for all sums saured by this Securiry tnstrument.
<br /> � If tl�e Funds held by Lender exceed the amounGy permitted to bc held by appIicabtQ law,Lender shall account to Borrower
<br /> for the excess Funds in ucc�rdance with therequ frementx of upplicable law. 1f the amount e�f the Fundc held by Lender at any
<br />���� time is nat sufficient to pay the&scrow Items whqn dun.Lender mny so nutify Bonower in writing, ur►cl. in such case BorroWer
<br /> -� shall puy tc+Lender the amaunt necessary to make u�t�tha daficiency. Borrower shall make up the deficiency in no more than
<br /> _ ;'�:� twelve monthly paym�nts,at �..sndsr's salo discretion.
<br /> Upon paymcnt in fu!! of ali.sucns secured by this Security Instrument, I.cnder shal! pramptly refund to Borrower any ___
<br />_`:l,�:.i Funds h�tJ.by 1..ondec.lC,under para},�raph 21,ixndar shall acquire or sel!the Property,Lender.prior to the acquisition or sale
<br /> •. ,� ��f the Prop�tty,sfitttl apply any Funda hald by Lender at the ttme of acquisitton or sale as a credit against the sums secured by
<br />�� ,,, dtis Securlty Instntmant.
<br /> - 3.Applfration oP Payrreents.Unl�ss applicable la��•provides otherwise,ail payments received by Lender under para�raphs
<br />__��;��� 1 and 2 shali be appliod: ftrst.to any pmpayntent charges due under the Note; second. to amounc� pnyable under paragraph 2: �
<br />- third.to intsrest dua:fuutth. tq prana�pati due;pnd last,to any late charges due under the Note.
<br />���±� 4.Chac�ss:LiQn�.Borrower�hall pay all taxes,assessments,c�:u�es,fines and impositions attributablc to the Property
<br /> _:;_-a� w6ich muy aua+u priority over ihis Security Instrument. und teasehnT�1 Fayments or ground renGs, if any.,Borrower shull pay _
<br />;:,.,,���-�.aw ,:___.�.. -
<br /> thzse obtigations in the mnt�rzLr�+rovided m paragrapn�,or�t not paia m tna�manner. if0[TUwC� annii pny���L���Vl{UUIY M�t�A�� _.
<br /> -- to the person owed paymeht. 6nrrower shall promptly furnish to Lender all notices of amoumc to be patd under this paragrnph.
<br /> _�_�� If Banower make.�these payments directly,Borcower shall ptomQtly fumish to L.ender receipts evidencin�the payments.
<br /> _ -- Bursowar shait pmmptfy discharge any lien which ha+pnonty over.this Security Instrument unless Borrowcr:(a)agrees in
<br />:.y.;�,�;�' writing to ihe paym�nt�of the abligation Secured by the lien in a manner acceptable to l.ender,(b)contests in good fatth the lien
<br /> � by, or defeniis a�pirist�unforcement af che lien in, legal proccedings which in the L.ender's opinion operate to prevent the
<br /> �nforcement of tha Ittln��un(�)secures from the ho(der of the lien an a�reement satisfactory to Lender subotdinating the iien to
<br /> -=-� this Seturity Tnstrumont� If Lender deternunes that any part of the Prc,perty is subject to a lien which may attain priority over
<br /> _-`'=_'_�'_ this Security Instntm�nt,L.ender may give Borrower a notice identifying the lien. Borrower shall satisfy the lien or take onc or
<br /> r�w��, more of the actions set focth above within 10 days of the�iving of notice.
<br /> -�� S. Hazatd or Property Insurance. Borrower shail keep the improvements now a;xisting or hereafter erected on the
<br />-----�— Property insur�ed against loss by fire, hatards included within the term"extended coverage'and any other hazards, including
<br /> �� .��t�;or ti�xn3iu�, i'��whlch Lcstdcr r�quit�'insttssnce. This Insuren�e�hal1 hP mnintained in the amounts artd far the periods `
<br /> ""'-'''�a that L.ender requiras. 'q't+a insurance camer provic�ing the insurance shall be chosen by Borrower subject to Lxnder's approvai
<br /> ;;�� .vhich sh�tl�not.he unraasaoably withheld. If Sorrower fnils to maintain coverage described above, Lender may, at Lender's
<br />__.,,,,�� � ,option,aUtmit�eoverage tu protect Lender s e�ights in the Property in aceordance with paragraph 7.
<br /> Ail�intumnce policies aad renewals shall be acceptable to I.end�r and shell lnclude a standard mortgage clause. Lende�
<br /> shal!have thc ri�ht to huld the policies and renewals. If L.ender requires,Sorrower shall prompt{y givc to Lender all receipts of
<br /> paid premiums and renewal notices.In the event of loss.Bonower shall give prompt�otice to the insurance carrier and Leader.
<br /> -'" Lender may muke proof of loss if not made promptly by Borrower.
<br /> - Unless Lender and Borrower othenvise agree in writing, insucance procceds shall be applied ta restoration or repair of the
<br /> praperty dama�e�,if the rescoration or repair is economically feasible and L.ender's security is aot lessened.If the restoration or
<br /> - repair is not economically feucible or Lender's securiry would be lessened.the insurance proceeds ahull be applied to the sutns
<br /> -_- secureci by this Secarity Instcument, whether or not then due. with any excess puid w Borrower. If Borcuwer abandons the
<br /> Ptopeny,or does not answer within 30 deys a notice from Lender that the insurance carrier has offered to settle a claim,then
<br /> i.ender raay collect the insu�nce prooeeds. Lender may use the proceecis to repsir or restore the Property or to pay sums
<br /> serured by this Security Inst�vment,whether or not then due.The 30-day period will begin when the notice Is given.
<br /> Uniess 1.ender and 8orrower otherwise agree in writing, any application of pmceeds to prineipal•sltall noi extend or _
<br /> ___..�;,;�, postpone the due date of the montlily payments refemed to in pnragraphs 1 and 2 or change thc amount.af�the paymenu. If
<br /> ---��� u�r p�ragraph 21 the property is acquim.3 by I.ender. Borrower's right to any insurance policies and procecd�resulting from
<br /> damage to the Property prior to the acqwsition shall pass to Lender to the Qxtent of the sums secured by this SecuCltp�trument
<br /> immediately prior to the acquisition. , , -
<br /> ---_�-- 6,paupancy,Pceservatton.Mainteaaace and Protection of the Property;Borrower s I.oan Applicatiop,I:easeholds. -.
<br /> Borrower shail occupy.establish.and use the Prope�ty+as Borrower's principal residence within sixty days after the execution of
<br /> - this Security Instrument and shal!contiaue to occupy the Property a� Borrower's prtncipal residence for at[east one year after
<br /> the date of occupancy,uniess Lender otherwise agrees in writing.which consent shall not be unreawnably withheld.or unless
<br /> � extenuating circumstanres exist which ere beyond Borrower's con�rol. Borrower shdl not destmy. damage or impair the
<br /> pruperty, allow the Property to deteriorate, or commit waste on the Property. Borrower shall be in defnult if any farfeiture
<br /> accioa or procceding,whether ctvil or criminal.is begun that in I.ender's good faith judgment could result in forfeiture of the
<br /> �roperty or otherwise materially impair the lien created by this Security Instrument or Lender's security intemst. Borrower may _
<br />�,ffi� cure such a default and reinstate,as provided in paragraph l8.by causing the acrion or procceding to be dismissed with a ruling
<br /> - that. in Lender's good faith determination, precludes forfeiture of the Borrower's interest in the Property or other muterial
<br /> �--� impairment of the lien rreated by this Se�urity Instrument or L.ender's security interest. Borrowpr shall also be in default if
<br /> ---- Borrower,during the Ioa+s�plication process,gnve materially false or inaccurate inforniation or statements ta L.ender(or failed
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